Mitch is 32 years old, single, and has been working for five years at a video game company. His financial statements are shown below. He pays his credit card and all bills monthly so his only debt payment is for his car loan. It is January and Mitch is considering his New Year's resolution, to get financially organized and buy his own place. He is figuring out if he can buy and move into his own studio condo near work before the summer (listed for $236,000). This condo has property taxes, heat and half of strata fees of $270 per month. He would still want to have funds to continue his lifestyle. Longer term he hopes to marry his girlfriend and start a family and also be able to retire at age 65 with a comfortable lifestyle. Assume the qualifying mortgage rate is 5.2% semi-annual interest and 25 year amortization, TDSR requirement is 40% and GDSR is 30%. Assume he has $60,000 RRSP carry forward room and $50,000 TFSA room. What would most benefit Mitch to help him purchase his condo more quickly (without changing his lifestyle expenses)? Answer 1 Choose... What monthly mortgage payment would Mitch be able to qualify for, to purchase the condo (assume TDSR 40% and GDRS 30%)? Answer 2 Choose... What is the largest mortgage Mitch can qualify for right now (based on the 5.2% qualifying rate)? Answer 3 Choose... If Mitch wants the condo more than anything else, is there anything he can do to be able to purchase it before summer?